Author: driver789

Nonprofit organization Flow Foundation and its parent company Dapper Labs on Monday filed with the Seoul Central District Court to suspend the termination of trading support for its native token FLOW on three South Korean exchanges.Layer-1 blockchain Flow suffered a “security incident” in December when an attacker exploited a vulnerability that allowed certain assets to be duplicated rather than minted, bypassing supply controls without accessing or draining existing user balances.The exploit resulted in $3.9 million in duplicated tokens, but “no user funds were compromised, and all counterfeit tokens were permanently destroyed.” Several exchanges halted FLOW token trading following the incident due…

The excessive use and oversight of artificial intelligence in the workplace is giving workers “AI brain fry,” contrary to the technology’s assurance that it would ease job pressures.Workers who are using AI tools report that the technology is “intensifying rather than simplifying work,” researchers from Boston Consulting Group and the University of California wrote in the Harvard Business Review on Friday.A study of nearly 1,500 full-time US workers found 14% said they had experienced “mental fatigue that results from excessive use of, interaction with, and/or oversight of AI tools beyond one’s cognitive capacity,” or what the researchers called “AI brain…

Bitcoin, being referred to as digital gold, is nothing new, as proponents have, for the longest time, expected the digital asset to replicate gold’s growth. Currently, the market cap of gold is more than 20 times that of BTC ($67,852.00 · Live), but that has not changed the expectations that BTC will eventually be the bigger asset. This time around, it is Bitcoin proponent Samson Mow who is once again making the comparison and predicting what could happen between the two assets. Betting On Bitcoin To Overtake Gold In an X post, Samson Mow once again reiterated support for BTC,…

Bitcoin is holding up better than it probably should.The largest cryptocurrency traded at $67,378 on Monday morning, up 1.1% over the past 24 hours and essentially flat on the week, while the world around it deteriorated sharply.Among majors, ether rose 2.3% to $1,981, hovering just below $2,000. BNB gained 1.4% to $624. Dogecoin added 1.8% to $0.09. Solana climbed 1.8% to $83.69 but remains down 1.5% on the week, still the weakest major over a seven-day basis. XRP was flat at $1.35, down 1% on the week.S&P 500 futures fell more than 2% in Asian trading. The VIX surged to…

Ethereum price started a fresh decline below $2,000. ETH is now correcting gains above $1,920 and might decline further in the near term. Ethereum started a downside correction below the $2,020 zone. The price is trading below $2,000 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,000 zone. Ethereum Price Dips Further Ethereum price started a fresh decline after it failed to stay above $2,020, like…

Michael Saylor, the co-founder of Bitcoin (BTC) treasury company Strategy, indicated on Sunday that the firm is buying more BTC, as the price hovers near the $66,000 level. “The Second Century Begins,” Saylor said on X, as he shared the Strategy BTC accumulation chart that has become synonymous with impending BTC purchases.Strategy’s most recent BTC purchase occurred during the last week of February, when the company bought 3,015 BTC for more than $204 million, bringing its total holdings to 720,737 BTC, valued at about $48.1 billion using market prices at the time of publication.The price of Bitcoin is currently below Strategy’s…

NANAY Party-List Rep. Yatco Files 13th Bill Pushing for Blockchain in National Budget – BitRss – Crypto World News BitPinas 1 hour ago 33 This filing marks the 13th bill introduced in the House of Representatives during the 20th Congress that seeks to utilize blockchain technology to enhance transparency and accountability in the Philippines’ national budget. BitRss shares this Content always with License. Read Entire Article Screenshot generated in real time with SneakPeek Suite Homepage International NANAY Party-List Rep. Yatco Files 13th Bill Pushing for Blockchain in National Budget BitRss World Crypto News | Market BitRss | Short Urls Design…

Key senators critical to advancing the crypto market structure legislation may soon be willing to move forward on the bill, individuals familiar tell CoinDesk.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.Crypto negotiators’ hopes are bubbling up over the Digital Asset Market Clarity Act, the Senate legislation that represents the top-priority policy hope for the sector. The key senators — those who’d dragged their feet over stablecoin yield — are reviewing what seems to be a final take from bankers on what their industry would…

Bitcoin has fallen back below $70,000 as selling pressure continues to dominate among crypto traders. Notably, there is currently little sign of strong buying demand that could stop further downside and the current structure still leaves room for a Bitcoin price drop below $60,000. Interestingly, technical analysis shows that the Bitcoin price action is beginning to resemble the pattern it created during the 2022 bear market, with long-term data showing that Bitcoin’s bear cycles have gradually become less severe over time. Related Reading Bitcoin’s Bear Market Cycles Are Shrinking Technical analysis of Bitcoin’s entire price history shows that post-cycle drawdowns…

Bitcoin fell nearly 2% in just 15 minutes on Sunday while oil prices rose almost 20% as the escalating Middle East conflict prompted fears of a major supply shortage in the global energy market.Data from decentralized derivatives platform Hyperliquid shows oil prices rose from $95 to $113.7 per barrel shortly after US futures markets opened, as Iraq warned that roughly 3 million barrels per day of production could be disrupted due to Iranian threats against tankers in the Strait of Hormuz.It’s the highest price oil has reached since April 2022, a few weeks after Russia commenced its invasion of Ukraine,…